
Electric Vehicles and Fringe Benefits Tax (FBT) Exemptions
Electric Vehicle FBT Exemption: What’s Behind the Fashionable Concession? Your Questions Answered What type of Electric Vehicle is exempt? First, the Electric Vehicle must be a “car” as the FBT law defines it. A “car” is: A vehicle designed to carry less than 1 tonne, and A vehicle designed to carry less than 8 passengers Electric utes over 1 tonne are not “cars” and are therefore not exempt under these rules – there are special FBT rules for utes and don’t assume they are always exempt from FBT. Motorcycles, scooters and similar vehicles are not “cars.” Second, the car must